When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done
John Maynard KeynesIt economics is a method rather than a doctrine, an apparatus of the mind, a technique of thinking which helps its possessor to draw correct conclusions.
John Maynard KeynesThe love of money as a possession...will be recognised for what it is, a somewhat disgusting morbidity.
John Maynard KeynesPerhaps it is historically true that no order of society ever perishes save by its own hand.
John Maynard KeynesIt is the long term investor who will in practice come in for the most criticism. For it is the essence of his behaviour that he should be eccentric, unconventional and rash in the eyes of the average opinion. If he is successful, that will only confirm the general belief in his rashness; and if in the short run he is unsuccessful, which is very likely, he will not receive much mercy. Worldly wisdom teaches that it is better for reputation to fail conventionally than to succeed unconventionally.
John Maynard Keynes